Historic Two-Story Commercial
344352 344 & 352 Park Ave SE Aiken, SC 29801
New
344352 344 & 352 Park Ave SE, Aiken, SC, 29801
$750,000
For Sale
$750,000
Vacant two-story building with a storefront level and a second-story apartment layout, sold as-is.
Property Size3,049 SF
Price / SF$245.98
Days on Market2
Property Features for 344352 344 & 352 Park Ave SE
General Information
- Standard status
- Active
- Size
- 3,049 SF
Building Details
- Year Built
- 1800
Listing agency
Haven Real Estate
(727) 218-0760
Listed by
Nina Meunier
Source
Vandermorganrealty
Added: Jul 20 Updated: Jul 21 at 8:53AM Checked: Jul 21 at 8:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Haven Real Estate
Investment Insights
Based on property information with market context.
This historic two-story commercial building is vacant and was formerly the Aiken New Yorker. The property includes a storefront level and a second story that previously functioned as an apartment, which may support residential use. The building is described as a fixer-upper and is being sold as-is, offering a buyer the ability to restore and reimagine the space.
Located in the heart of downtown Aiken, the building is offered with the flexibility to support office, retail, or mixed-use concepts based on the existing layout. A pre-approval letter from a lender or proof of funds from a financial institution is required before showings.
The offering includes a total size of just over 3,000 square feet across the two levels, providing room for redevelopment of the existing storefront and apartment spaces.
Located in the heart of downtown Aiken, the building is offered with the flexibility to support office, retail, or mixed-use concepts based on the existing layout. A pre-approval letter from a lender or proof of funds from a financial institution is required before showings.
The offering includes a total size of just over 3,000 square feet across the two levels, providing room for redevelopment of the existing storefront and apartment spaces.
Key Highlights
- Historic two‑story commercial building in downtown Aiken, formerly the Aiken New Yorker
- Over 3,000 SF vacant property with a storefront level plus second‑story space
- Second story previously functioned as an apartment, offering potential for residential use
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.7k | $15.00 |
| − Vacancy | −$3.8k | −$1.25 |
| EGI | $41.9k | $13.76 |
| − OpEx | −$10.5k | −$3.44 |
| NOI | $31.5k | $10.32 |
3,049 SF · lease $15.00/SF/yr · vacancy 8.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$449.3K
$393.2K – $524.2K
NOI $31,454 @ 7.0% cap · market cap 4.19%
Second Best
Retail
$420.6K
$368.0K – $490.7K
NOI $29,443 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$587.7K
$514.3K – $685.7K
NOI $41,140 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Vacant two-story building with a storefront level and a second-story apartment layout, sold as-is.
Where is this storefront property located?
The property is located at 344352 344 & 352 Park Ave SE Aiken, SC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Historic two‑story commercial building in downtown Aiken, formerly the Aiken New Yorker; Over 3,000 SF vacant property with a storefront level plus second‑story space; Second story previously functioned as an apartment, offering potential for residential use
